CURRENT DEPOSIT ACCOUNT RULES

1. Current Deposit Account can be opened by one or more individuals, proprietorship concern, Partnership Firm, Joint Stock Company, HUF, Trust, Local Body, Society, Club, Government, Department/Corporate/ Undertaking or bank, approved by the bank, subject to their agreement to comply with Bank’s rules and regulations.

2. Account will not be opened which is to be operated under a thumb impression, cross mark or signature by hand of another person.

3. Account must be properly introduced to the Bank by someone already known and acceptable to the Bank.

4. Change in the address, telephone number and/or constitution should be immediately intimated to the Bank.

5. Minimum balance as prescribed by the Bank from time to time should be maintained to avoid penalty.

6. Cash and cheques should be deposited in the Bank at the specified counters only.

7. A) The customer should examine the Pass Book/Statement of Account and in case of any discrepancy, it should be brought to the notice of the Bank within seven days from the date of receipt thereof.

The Bank will not be responsible for any loss arising from negligence of customers in this respect.

B) If the Pass Book/Statement of Account is lost and a duplicate there for is sought, the depositor will have to apply for a duplicate pass book/statement and pay charges as may be decided by the Bank from time to time.

8. Withdrawals are permitted only by cheques supplied by the bank. For a new cheque book, printed requisition from in the cheque book must be used. A service charge, as may be decided by the Bank from time to time, will be valid for issuance of new cheque book the cost and responsibility of the account holder. At the time of receiving the cheque book, if any cheque is missing therein. The cheque book

must be kept in secured possession of the account holder. Any loss must be brought to the notice of the Bank forthwith.

9. Cheques should be crossed before being deposited for collection. Cheques returned unpaid will attract service charges plus interest as applicable.

10. Cheques should be drawn against clear funds in the account. Cheques should not be drawn in anticipation of funds to be credited to the account. Also, cheques issued and dishonored due to account holder’s fault such as insufficiency of funds/cheques drawn irregularly etc. will attract, part from service charge levied by the Bank, penal provision under the Negotiable Instrument Act.

11. Mutilated, stale, post dated and irregularly drawn cheques, as also cheques containing extraneous matter, are liable to be dishonored. Any alteration is to be authenticated by drawer.

12. The collection of outstation cheques will be made at Service charge rates fixed by the bank from time to time.

13. Folio charges as prescribed by the Bank and out of pocket expenses namely postage etc. incurred in connection with handling the account will be debited to the account.

14. The Bank reserves the right to send unpaid cheques, discharged bills, advice, letters etc. to account holders by post and the evidence of their so dispatched as contained in the Bank’s records will be conclusive and binding upon the account holders concerned.

15. Interest will not be paid in current accounts.

16. The Bank reserves the right to close any account after notifying the account holder and the Bank’s decision in such matters will be final.

17. The Bank reserves the right to modify/change these rules and such alterations and additions communicated by putting up a notice in Branch Premises, shall be binding on the account holder.